US Dollar Index Price Analysis: Upside momentum falters ahead of 94.00


  • DXY’s recovery meets a tough barrier just below the 94.00 mark.
  • The next resistance of relevance emerges near 94.80 (September 25).

After bottoming out in the 93.00 neighbourhood at the beginning of the week, DXY regained the composure and managed to visit the 93.80/90 band.

The 6-month resistance line in this area remains an interim obstacle for extra gains. A surpass of this area should put the Fibo level at 94.20 back on the radar ahead of the more significant hurdle at the September’s top at 94.74.

While below the 200-day SMA, today at 96.84, the negative view on the dollar is expected to persist.

DXY daily chart

Dollar Index Spot

Overview
Today last price 93.64
Today Daily Change 26
Today Daily Change % -0.17
Today daily open 93.8
 
Trends
Daily SMA20 93.73
Daily SMA50 93.3
Daily SMA100 94.7
Daily SMA200 96.87
 
Levels
Previous Daily High 93.91
Previous Daily Low 93.37
Previous Weekly High 93.9
Previous Weekly Low 93.01
Previous Monthly High 94.74
Previous Monthly Low 91.74
Daily Fibonacci 38.2% 93.7
Daily Fibonacci 61.8% 93.58
Daily Pivot Point S1 93.48
Daily Pivot Point S2 93.15
Daily Pivot Point S3 92.94
Daily Pivot Point R1 94.02
Daily Pivot Point R2 94.23
Daily Pivot Point R3 94.56

 

 

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